CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

Nov 2, 2026 5 days ago 1 min read
CPC Raises Petrol and Diesel Prices; Lanka IOC Matches Two Fuel Rates

COLOMBO, November 2, 2026 — The Ceylon Petroleum Corporation (CPC) has increased petrol and diesel prices, effective from midnight on November 1, while leaving kerosene…

Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

Nov 2, 2026 5 days ago 1 min read
Home Lands Showcases Sri Lankan Property Investment Opportunities in Ottawa

COLOMBO, November 2, 2026 — Home Lands has showcased Sri Lankan real estate investment opportunities at a property investment roadshow in Ottawa, Canada, engaging prospective…

Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank

Oct 31, 2026 7 days ago 3 min read
Fitch Upgrades BOC, People’s Bank and Commercial Bank; Downgrades Cargills Bank

COLOMBO, October 31, 2026 — Fitch Ratings has upgraded the National Long-Term Ratings of Bank of Ceylon, People’s Bank and Commercial Bank, while downgrading Cargills…

Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

Oct 31, 2026 7 days ago 3 min read
Oil Hits Six-Month High as Hormuz Tanker Attack Deepens Iran Escalation Fears

COLOMBO, October 31, 2026 — Oil prices rose more than 2% on Friday to their highest closing levels since late April, as a tanker attack…

Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

Oct 31, 2026 7 days ago 2 min read
Binance Reserves US$6.34 Billion to Cover Losses as Partners Freeze US$3 Billion in Crypto

SINGAPORE, October 31, 2026 — Binance says it has reserved more than US$6.34 billion in company funds to cover user losses following its recent security…

Port City Colombo FinTech Dialogue Calls for Two-Year Growth Roadmap

COLOMBO, November 6, 2026 — A high-level dialogue at Port City Colombo has highlighted the need for a two-year actionable…

BIZ BREAKING

Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

Oct 14, 2026 3 weeks ago 4 min read
Oil Prices Surge as Iran’s New Hormuz Tactics Raise Global Supply Fears

COLOMBO, October 14, 2026 — Global oil prices climbed on Wednesday as attacks on commercial vessels in the Strait of Hormuz and reports of new Iranian tactics against shipping intensified concerns over energy supply disruptions, threatening to increase costs for…

Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

Oct 13, 2026 3 weeks ago 3 min read
Cabinet Approves US$100 Million ADB Financing for Sri Lanka’s Water Sector Reforms

COLOMBO, October 13, 2026 — Sri Lanka’s Cabinet has approved a US$100 million policy-based financing facility from the Asian Development Bank (ADB) to advance the second sub-programme of the country’s Water Supply and Sanitation Reform Programme, supporting efforts to address…

FCCISL and Department of Commerce Step Up Coordination to Drive Sri Lanka’s US$36 Billion Export Target

Oct 12, 2026 4 weeks ago 6 min read
FCCISL and Department of Commerce Step Up Coordination to Drive Sri Lanka’s US$36 Billion Export Target

Department of Commerce consultation with trade chambers and industry associations COLOMBO, October 12, 2026 — The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and the Department of Commerce are strengthening cooperation on export promotion, trade facilitation…

EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Oct 9, 2026 4 weeks ago 4 min read
EDB Appoints 24 Export Advisory Committees to Drive Sri Lanka’s US$36 Billion Export Target

Minister Sunil Handunnetti, EDB Chairman Mangala Wijesinghe COLOMBO, October 9, 2026 — Sri Lanka has established 24 export advisory committees for 2026–2029 to help remove regulatory barriers, improve business competitiveness and accelerate progress towards its ambitious target of generating US$36 billion…

BUSINESS

Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

Oct 15, 2026 3 weeks ago 4 min read
Home Lands Completes Piling for Port City’s Central Park Boulevard Ahead of Schedule

COLOMBO, October 15, 2026 — Home Lands Group has completed 100% of piling work for its ultra-luxury residential development, Central Park Boulevard Port City Colombo,…

Sri Lanka Takes EXPO 2027 Investment and Export Opportunities to Thai Business Community

Oct 14, 2026 3 weeks ago 4 min read
Sri Lanka Takes EXPO 2027 Investment and Export Opportunities to Thai Business Community

BANGKOK, October 14, 2026 — Sri Lanka is stepping up efforts to strengthen trade and investment ties with Thailand ahead of Sri Lanka EXPO 2027,…

Dipped Products Opens Rs. 4.2 Billion Glove Manufacturing Plant in Katunayake EPZ

Oct 13, 2026 3 weeks ago 2 min read
Dipped Products Opens Rs. 4.2 Billion Glove Manufacturing Plant in Katunayake EPZ

KATUNAYAKE, October 13, 2026 — Dipped Products PLC (DPL), the Hayleys Group’s glove manufacturing business, has commenced operations at a new Rs. 4.2 billion manufacturing…

Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

Oct 12, 2026 4 weeks ago 5 min read
Sungrow Commissions Sri Lanka’s 10 MW/40 MWh Battery Storage Project in Galle

GALLE, October 12, 2026 — Global renewable energy technology supplier Sungrow has commissioned a 10 MW/40 MWh battery energy storage system (BESS) developed by WKV…

ECONOMY

Sri Lanka Economy Returns to Pre-Crisis Levels, but Recovery Remains Uneven – World Bank

Oct 6, 2026 1 month ago 4 min read
Sri Lanka Economy Returns to Pre-Crisis Levels, but Recovery Remains Uneven – World Bank

COLOMBO, October 6, 2026 — Sri Lanka’s economy has returned to pre-crisis levels, marking a major milestone in the country’s recovery, but the benefits of…

Sri Lanka’s Tax Revenue Surpasses Rs. 2 Trillion in First Nine Months of 2026

Oct 3, 2026 1 month ago 2 min read
Sri Lanka’s Tax Revenue Surpasses Rs. 2 Trillion in First Nine Months of 2026

COLOMBO, October 3, 2026 — Sri Lanka’s Inland Revenue Department (IRD) collected more than Rs. 2.04 trillion in tax revenue during the first nine months…

Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

Oct 2, 2026 1 month ago 3 min read
Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

COLOMBO, October 2, 2026 — The government plans to introduce a simplified tax framework from 2027, including the gradual removal of additional levies imposed alongside…

Fuel Prices Rise as New Rates Take Effect Across Sri Lanka

Oct 1, 2026 1 month ago 2 min read
Fuel Prices Rise as New Rates Take Effect Across Sri Lanka

COLOMBO, October 1, 2026 — Revised fuel prices have come into effect across Sri Lanka from today, with the Ceylon Petroleum Corporation (CPC) increasing the…

MARKETS

CSE Closes Mixed as ASPI Edges Higher While S&P SL20 Declines

Oct 7, 2026 1 month ago 3 min read
CSE Closes Mixed as ASPI Edges Higher While S&P SL20 Declines

COLOMBO, October 7, 2026 — Sri Lanka’s stock market closed on a mixed note today, with the All Share Price Index (ASPI) edging higher on…

CSE Indices Close Lower as Turnover Surpasses Rs. 3.2 Billion

Oct 6, 2026 1 month ago 2 min read
CSE Indices Close Lower as Turnover Surpasses Rs. 3.2 Billion

COLOMBO, October 6, 2026 — Sri Lanka’s stock market closed lower on Tuesday, with both benchmark indices ending in negative territory as selling pressure on…

Banking Strength Fails to Reverse CSE Slide as ASPI Falls 42 Points

Oct 3, 2026 1 month ago 4 min read
Banking Strength Fails to Reverse CSE Slide as ASPI Falls 42 Points

COLOMBO, October 3, 2026 — Strength in banking and financial counters failed to offset broader selling pressure at the Colombo Stock Exchange (CSE) yesterday, with…

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

Oct 2, 2026 1 month ago 3 min read
CSE Snaps Six-Session Losing Streak as Buying Interest Improves

COLOMBO, October 2, 2026 — The Colombo Stock Exchange snapped a six-session losing streak on Thursday, with both benchmark indices closing higher as buying interest…

NATION

Sri Lanka to Provide Rs. 6,000 Stationery Allowance to 1.5 Million Students in 2027

Oct 13, 2026 3 weeks ago 3 min read
Sri Lanka to Provide Rs. 6,000 Stationery Allowance to 1.5 Million Students in 2027

COLOMBO, October 13, 2026 — The Government has approved the continuation of its school stationery assistance programme for 2027, providing Rs. 6,000 each to 1.5…

Sri Lanka Launches Second King Coconut Village in Badulla Under National Export Drive

Oct 12, 2026 4 weeks ago 4 min read
Sri Lanka Launches Second King Coconut Village in Badulla Under National Export Drive

BADULLA, October 12, 2026 — Sri Lanka has launched its second king coconut village in Badulla District as the Government advances a nationwide programme to…

Rs. 12 Billion Hospital Complex Planned for Dambulla to Ease Overcrowding

Oct 11, 2026 4 weeks ago 2 min read
Rs. 12 Billion Hospital Complex Planned for Dambulla to Ease Overcrowding

DAMBULLA, October 11, 2026 — A new hospital complex estimated to cost Rs. 12 billion is planned for Dambulla to address overcrowding and space constraints…

Sri Lankan Scientist Themiya Nanayakkara Helps Discover Record-Breaking Radio Burst from 10 Billion Years Ago

Oct 9, 2026 4 weeks ago 3 min read
Sri Lankan Scientist Themiya Nanayakkara Helps Discover Record-Breaking Radio Burst from 10 Billion Years Ago

COLOMBO, October 9, 2026 — Sri Lankan scientist Themiya Nanayakkara has contributed to a landmark international astronomy discovery involving the oldest fast radio burst ever…

world

Trump Faces Backlash Over Planned Russian Diesel Imports Amid Global Energy Crisis

Oct 12, 2026 4 weeks ago 6 min read
Trump Faces Backlash Over Planned Russian Diesel Imports Amid Global Energy Crisis

WASHINGTON, October 12, 2026 — US President Donald Trump is facing mounting political and international criticism over plans to import large volumes of diesel from…

Trump Calls for Zelenskiy’s Replacement as US-Russia Diesel Deal Deepens Ukraine Rift

Oct 11, 2026 4 weeks ago 4 min read
Trump Calls for Zelenskiy’s Replacement as US-Russia Diesel Deal Deepens Ukraine Rift

WASHINGTON, October 11, 2026 — US President Donald Trump has called for Ukraine to replace President Volodymyr Zelenskiy, intensifying tensions between Washington and Kyiv after…

Trump Rules Out US Attack on Iran Before November Midterm Elections

Oct 9, 2026 4 weeks ago 2 min read
Trump Rules Out US Attack on Iran Before November Midterm Elections

WASHINGTON, October 9, 2026 — US President Donald Trump has ruled out a US attack on Iran before the November 3 congressional midterm elections, saying…

Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

Oct 8, 2026 4 weeks ago 3 min read
Trump Administration Proposes Up to $70,000 Fee for International Students Seeking Work Training

WASHINGTON, October 8, 2026 — The Trump administration has proposed a major increase in fees for international students seeking work-based training in the United States,…